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, which one? we have both senators on the phone, senator warner from the great state of virginia, and republican senator kit bond from the great state of missouri. gentlemen, thank you very much. mr. bond, let me begin with you, the republican caucus has changed its position, and has now agreed to unanimous consent to bring this bill to the floor. why? may i ask why, mr. bond? >> it's time we got the details of this bill laid out to the public, larry. i made a speech today, people are making speeches, we need to let the people know what's in the bill, because this bill absolutely cripples main street. we're hearing from back home, and i want the people back home to know what this bill will do to the businesses, to the credit lenders in our state, and i think every member needs to have his or her constituents know. >> are you going to bring this bill to the floor by cooperating with this unanimous consent in order to kill it, or in order to improve it, sir? >> we need to cure it. we need to do a lot of things to cure it. and i believe that there are common sense changes that can b
drilling. you know, the states are in big financial trouble right now in virginia where i live, they see this as a way of raising money for the state. it's a great way to save money when you don't have to cut government services. >> steve, i'll tell you, on the west coast and most of the east coast, these are very unpopular programs. that's why you see no -- >> not in virginia. >> and that's why you see a little bit more drilling going on -- in fact, the obama proposal keeps itself to the mid-atlantic. >> robert reich, the states need all the enhanced offshore drilling royalties in order to offset the continued ripoff of the government union pension plans, which are down by $3 trillion to $4 trillion. if i were a liberal democrat and i love these government unions who are making twice as much as their private sector counterparts, i would say offshore drilling royalties is the only way out. >> that's right. i think you're absolutely wrong. first of all, you're not taking account of the political reality that offshore drilling is enormously unpopular with most of the citizens and most of t
their budgets, you see it in new jersey, and in virginia. they're balancing their budgets by making the tough cuts. nothing like that has happened in washington to make government work -- >> i want to make sure we understand the magnitude -- >> wait a minute, wait a minute. >> hang on, bob. i know, but look. >> when the states are cutting by $250 billion over two years, that's a fiscal drag. >> no, no, they're becoming more efficient. it's an efficiency game. i totally disagree with that. it's basically making state and local governments more efficient. they're delivering services at a lower costs. that's what businesses do. >> but you supply-siders seem to think that imaginically the demand side will take care of itself. that is dreaming. that's on another planet. >> listen, i don't know whether government spending -- >> unemployment at 9.7%. people need jobs. >> i want to create jobs. i want to -- >> one more thing. >> hang on. i want demand and i want supply and growth. >> one more point. >> hang on, robert. robert, i want to address your criticism. i'm for demand, and i'm for supply. >> a
's a new era right now. the state i live in, virginia, we're spending in 2011 what we spent in 2006. we have to do that at the federal level. >> there you go. like a small business, if the income is not coming in, you've got to tighten expenses. >> that's it. >> value-added taxes, carbon taxes, payroll taxes, we're going to tax ourself to death. where is the emergency spending, alex? >> what we should be doing is doing a cost benefit calculus to figure out which of these programs are producing enough benefit to justify the cost of paying for them and which aren't. reagan said he wanted to abolish the energy department. that would be a great idea. >> we did, by the way. we did get rid of synthetic fuels. i was there. i helped do it with my friend, ed cox. you're right. you got me. i wish it weren't so. but len, cost benefit analysis, we've done a million studies. the grace commission, we basically know where to go. we could cut the heck out of this budget and we won't. the revolt with the tea parties and others is so important. i don't think it's a tax hike message. >> i'm sure. >> it's
county, west virginia. tough story. state mining officials say six are dead and 21 people are still missing. massey says information regarding injuries is uncertain at this time. rescue teams and state and federal authorities are responding. as you can see from this chart, massey's stock dipped about 4% when the news came out at the end of the after hours session. we'll keep you updated as we learn more. this is a very difficult coal mining accident story. all right. tomorrow morning, by the way, here on cnbc, be sure to catch steve liesman, he's got an interview with jeffrey lacquer of the richmond fed on "squawk box" at 7:00 a.m. so get up early and watch steve liesman. >>> coming up here, tiger speaks at a masters news conference, but i want to know is he going to hit a 12 step meeting today or this evening? darren rovell will join us when the kudlow report comes right back and we'll talk tea party later in the program. what are their key planks to wake up the republicans? you're watch of watching cnbc, first in business worldwide. >>> in other news, the treasury department is bo
Search Results 0 to 4 of about 5